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How land held by a non real estate company for resale purpose value it?

Land held for resale but the company is not a real estate company. Will it use IAS 2 for valuation purpose?

asked Apr 10 in General IFRS Discussion by anonymous

1 Answer

0 votes
No! you can't inventory is current Asset while Land is a Non-current asset and should value under IAS 16.
answered Apr 11 by MHAGIG Level 2 Member (4,250 points)